At Davos, the CEO of Saudi Aramco pushed back against widespread predictions of an imminent oil glut, arguing that concerns about excessive supply are being overstated. The perspective challenges the prevailing market narrative, suggesting that demand dynamics and geopolitical factors are more nuanced than typically portrayed in recent analysis. This viewpoint carries weight given Aramco's position as a major player in global energy markets, offering insights into how key producers assess near-term supply-demand balance. The debate over energy abundance has implications for inflation forecasts, macroeconomic growth expectations, and downstream asset valuations—factors that indirectly influence broader financial markets and investment strategies.